Each incentive package is designed to aid the customer in building a cost-effective profitable operation. Packages have ranged from several hundred thousand dollars to several million dollars. The incentives range from a build-to-suit with lease back to the construction of specific infrastructure for their industry. The economic development team takes several factors into consideration including:
- Total capital investment in building and equipment
- Number of employees
- Pay rates
- Benefits offered to employees
- The size of the site needed in the industrial park
Local options include: 1) Building sites at no cost 2) Build to suit 3) Infrastructure assistance 4) Corporate training at no cost.
State options include: 1) Quality jobs program 2) Small employer quality jobs 3) American Indian lands tax credits 4) Sales tax exemptions 5) Property tax exemption 6) Income tax credits 7) Foreign trade zones
Lawton Fort Sill is committed to the long term economic development of our state which means bringing new business in and helping existing businesses expand and grow profitably. Lawton Fort Sill offers one of the most competitive and aggressive business incentive packages in the country.
Contact Shelly Pund, 800.872.4540 or 580.354.1601, and allow us to tailor an incentive package for your company.